XTB introduces automatic trading in its passive investment offer

XTB just announced the extension of its latest passive "Investment Plan" to include an auto-trading option.

Omar Arnaout, CEO of the listed Polish fintech (WSE: XTB), believes that "recurring payments facilitate long-term passive investment and take advantage of the global potential offered by ETF funds".

Self-investment now available in XTB investment plans

Since last autumn, XTB traders have been able to invest in medium- and long-term passive instruments. The investment plans enable the creation of up to 10 investment portfolios, each with a unique strategy based on selected ETF funds. Each portfolio can include a maximum of 9 funds, with a minimum investment of just $15.

XTB had already announced its intention to expand its service and introduce the possibility of regularly replenishing each investment portfolio. This feature was due to be implemented by the end of the year, but has been slightly delayed.

"Thanks to modern technology and the use of algorithmic trading, our customers can now regularly invest a chosen amount," adds Mr. Arnaout. He says XTB is expanding its offering with products for people who are interested in investing but don't have the time to get actively involved.

Thanks to the recurring payment function, each investor can determine the frequency and amount they wish to invest, with the possibility of changing the settings at any time to adapt them to their current needs and investment objectives.

XTB will start promoting the new offer from Thursday and it will be immediately implemented in all markets where investment plans are available. These markets include fintech's home market Poland, where the number of brokerage clients recently surpassed 200,000, as well as other countries in Europe and beyond.

"We are seeing promising results for investment plans across all markets," concludes the XTB CEO.

XTB focuses on idle fund interest and AI

The publicly traded broker continues to expand its offering. For example, last month, XTB's Dubai branch announced the launch of fractional share trading for UAE investors. In November, XTB also offered attractive interest rates on unused customer deposits, with new traders receiving 5% for USD accounts and 3.7% for EUR accounts.

"We are fully aware that our clients are looking for additional ways to put their money to work while waiting for market opportunities to start actively investing," XTB commented at the time. The company acknowledged it was another nod to those seeking more passive forms of savings.

XTB has recently focused on the use of artificial intelligence (AI) in trading and business processes. To this end, it has created a new AI division led by Tomasz Gawron, formerly involved in mobile robotics research and robotics programming. This division is responsible for developing AI-based products that will support the trading process and the end user. Initially, these products should support internal workflows.

All these measures aim to maintain the strong dynamic of acquiring new customers by the broker. According to the latest report for the third quarter of 2023, the number of active customers increased by 46%. While revenue and net income have declined due to less market volatility, the company has long signaled that its biggest metric is its customers. In the first nine months of 2023, the company acquired more than 233,000 customers, 59% more than the previous year.

About XTB

XTB Group is a leading provider of crypto CFDs alongside 2,100 forex, stock, index, commodity and ETF CFDs. The multi-regulated broker holds licenses with several trusted agencies, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).

Clients can invest and speculate with up to 1:30 leverage and can use the broker's mobile trading alert service to gain market insight. XTB offers two real accounts, aimed at retail traders and professional investors.